Entertainment · 1 sources covering this

Bill Ackman to Sell $290.5 Million in Stock Back to Universal Music After Rejected Takeover Offer

Fresh off of rejecting a takeover proposal from capital fund Pershing Square, Universal Music has announced it is repurchasing a sizable portion of its stock back from the company founded and operated by billionaire investor Bill Ackman. The world’s largest record company will repurchase over 14.2 million shares from Pershing, worth about $290.5 million (€250 […]

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VarietyLean L·2h ago
Bill Ackman to Sell $290.5 Million in Stock Back to Universal Music After Rejected Takeover Offer
Fresh off of rejecting a takeover proposal from capital fund Pershing Square, Universal Music has announced it is repurchasing a sizable portion of its stock back from the company founded and operated by billionaire investor Bill Ackman. The world’s largest record company will repurchase over 14.2 million shares from Pershing, worth about $290.5 million (€250 […]
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Bill Ackman to Sell $290.5 Million in Stock Back to Universal Music After Rejected Takeover Offer

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